A stunning huge castle once owned by the Pope has gone on sale for around the same price as the average central London flat.

The 700-year old Castello di Tavoleto in central Italy is on offer for the mere snip of £3.7million - half a million pounds less than the average property in London's SW1X postcode area.

The fully restored Castle is now popular for weddings and fashion shows, but was once the preserve of Popes and Umbrian nobility before being sold to a private owner in 1960, who transformed it into it's current state.

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The remarkable gaff is 12 miles from the Romagnola Riviera towns of Rimini , Riccione and Cattolica, and just an hour's drive from the bustling port city of Ancona.

Sales Agent Andrea Steffanini said: "On top of a hill, a few steps from the sea, lost in tranquility and far from space and time, lies a majestic place where one can submerge into absolute serenity and hear the echo of one's thoughts."

STUNNING: The 700 year old Castello di Tavoleto castle has gone on sale for £3,700,000 (Image: Mercury Press)

"The current owners however, purchased the castle with a full intent on returning it to its original form. They dedicated time to remodeling the facade, large halls, courtyards, and garden. The interior plaster was scraped away, bringing back to life the original Castle walls. In addition, floors were reconstructed and all plumbing and electrical outlets were completely redone."

The average flat in London's Knightsbridge area sells for £3.3 million.